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Casas Adobes Assisted Living Facility Sells for $2.5 Million

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  • Casas Adobes Assisted Living Facility Sells for $2.5 Million
2nd Quarter Sales
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July 3, 2024
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Karen Schutte
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TUCSON, AZ (July 3, 2024)—Crossroads Adult Care Home Escondido is a community offering assisted living and memory care at 5821 N Escondido Lane in the Casas Adobes submarket of Tucson. Residents can choose from a range of studio room layouts.

The community has three separate buildings, each 3,500 square feet with 10 beds per building. The property comprises approximately 10,500 square feet and 30 beds on a sprawling and lush two+ acre campus with amenities such as a swimming pool, koi ponds, and mature trees.

It sold for $2.5 million ($83,333 per bed) on June 27, 2024.

The community has earned an impressive average rating of 8.9 out of 10, making it the 64th highest-rated community in the city out of 161. This recognition is a testament to the exceptional care and services provided, instilling confidence in the community's quality.

Omer Kreso and Grant Withers with Realty Executives Arizona Territory represented the seller, Escondido 30, LLC of Phoenix. Daniel Biel also with Realty Executives Arizona Territory represented the buyer, Melvinateo, LLC, of Tucson.

Kreso, Withers, and Biel should be contacted at 520.877.4940 for more information.

To learn more, see RED Comp #11377

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